Free Trial
US TSYS

Rate Hike Path Without Recession

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
AUSSIE BONDS
AUSSIE BONDS: Aussie Bond futures proving to be relatively resilient to the
latest round of risk on flows triggered by comments from U.S. President Trump.
Worth noting that NAB now look for the RBA to hike in H220, they previously
expected 1 25bp hike in each of Q219 & Q319.
- Early trade saw the SYCOM low holding in 3-Year futures. YM/XM last 48.75, off
of lows, alongside 3-Years, while the cash 3-/10-Year yield differential last
trades at 49.6bp.
- White & red Bills trade unchanged to 1 tick lower last. A bit of focus has
crept into the Aussie x-ccy basis swap space over the last 36 hours or so, as we
move towards calendar year end. AU/US 3-Month x-ccy basis swaps have moved
higher. 3-Month BBSW fixing has risen to 2.0000% from the 1.9500% seen at
November's final fix. Elsewhere the RBA's reverse repo rates have squeezed
higher, with today's 30-day ops conducted at 2.157%.
- Latest AOFM ACGB auction was ignored, with the Bond not featuring in the
deliverable basket for XMZ8 (although it will be the next Bond to move into the
XM deliverable basket).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.